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Enteq Upstream ( (GB:NTQ) ) has shared an update.
Enteq Technologies plc has concluded its formal sales process initiated to explore potential acquisition offers that could provide greater shareholder value. The company did not receive any viable offers and will now pursue the sale of its business, assets, and intellectual property outside the formal process. Enteq is actively seeking funding to support these efforts, with a current cash runway until mid-May. The company remains committed to its SABER technology, which continues to attract interest from international customers and has led to the development of a standalone power generator module.
More about Enteq Upstream
Enteq Technologies plc is an energy services technology and equipment supplier, focusing on providing innovative solutions in the energy sector. The company is involved in developing and enhancing equipment like the SABER technology, which is positioned as a disruptive solution in the market.
YTD Price Performance: -53.03%
Average Trading Volume: 1,269,049
Technical Sentiment Signal: Buy
Current Market Cap: £1.62M
For an in-depth examination of NTQ stock, go to TipRanks’ Stock Analysis page.